THE COMMERCIAL BK OF CALIFORNIA Failed 1983
What happened
THE COMMERCIAL BK OF CALIFORNIA of LOS ANGELES, CA was closed on 1983-05-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST CREDIT BANK (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 783
- FDIC Certificate
- 21364
- FDIC FIN
- 2351
- Bank name
- THE COMMERCIAL BK OF CALIFORNIA
- Location
- LOS ANGELES, CA
- Failure date
- 1983-05-27
- FDIC resolution date
- 1983-05-27
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $30M
- Assets at failure
- $32M
- Acquiring bank
- FIRST CREDIT BANK (LOS ANGELES, CA)